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Texas  + State of Texas  + Apartments  | 
Killeen welcomes mixed-income 350-unit Station42

Killeen Welcomes Multifamily Complex for the “Missing Middle”

The NRP Group, in partnership with The City of Killeen Public Facility Corporation (PFC), J.P. Morgan, and Texas Capital Bank, debuted Station42, a 368-unit mixed-income multifamily project in Killeen, Texas.

The partners focused on the “missing middle” who face challenges affording market-rate rents amid the region’s rapid population growth. To meet this demand, more than half of the property’s units are reserved for residents earning less than 80 percent of the area median income (AMI). NRP says they are targeting the military, young professionals and working families.

Residents will have access to a 24-hour fitness center, club room, gaming area, kitchen and dining space, and a coworking lounge with two tech-enabled conference rooms.

J.P. Morgan partnered with The NRP Group to provide equity investment in the project, while construction financing was provided by Texas Property Bank.

Register today for Connect Phoenix Multifamily & Single-Family Build-to-Rent, scheduled for April 18 at the Westin Kierland Resort & Spa, Scottsdale, AZ.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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